AGP Executive Report
Last update: 8 hours agoEnergy Outlook: JPMorgan cut its second-half 2026 Brent forecast, citing weaker demand and lower OECD inventory draws, now projecting $86/bbl in Q3 and $80 in Q4, with 2026 ending around $78—plus a warning that oversupply may force production curtailments into early 2027. Power & Grid Resilience: GPL says it’s mobilised emergency teams to restore electricity after Wednesday’s storm knocked out poles and disrupted service across Essequibo and parts of Demerara, while a PUC report flags rising system losses (25.43% in 2025) partly driven by skilled workers leaving for the oil sector. Housing & Construction: President Ali outlined a social housing strategy targeting vulnerable groups and low-to-medium income earners, while Jamaica’s PM Holness discussed possible collaboration on housing development, including labour and construction technologies. Uranium Oversight: Former EPA head Dr. Vincent Adams warned Guyana lacks the regulatory and technical readiness to safely oversee uranium mining as U92 Energy advances the Kurupung project. Regional Ties & Relief: President Ali offered condolences and assistance to Venezuela after twin earthquakes, as relief needs grow across the Caribbean. Business Development: Massy Guyana broke ground on a US$75M Houston hub to consolidate distribution and automotive operations, aiming for completion in 2028.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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